This webinar will focus on the recent regulatory updates for your Real Estate Valuation Program and provide guidance on common questions and suggested responses for the regulators during the real estate portion of the Safety and Soundness Exam.
This webinar focuses on recent updates to regulations for the Real Estate Valuation program and contains information relevant to those who manage or are involved with the appraisal or evaluation ordering, writing and/or review process within a bank. The instructor is a certified appraiser with extensive experience in real estate valuation requirements and processes.
- Discussion of the recent FAQ on Appraisal Regulations – This discussion will focus on each of the FAQ responses provided by the regulators for interpreting the RE Valuation regs
- Evaluation Threshold Updates – This section will discuss the recent threshold increase for Commercial Real Estate Transactions and include samples that could be considered eligible property types that are often overlooked; The current pending threshold increase for 1-4 family residential transactions will also be updated and discussed if approved by the regulators
- Minimum Appraisal Standards – Discussion of minimum appraisal standards, the appraisal development process, and transactions that will require an appraisal; several examples will be discussed around the “As Is” value requirement
- Minimum Evaluation Standards – A discussion of when the use of an evaluation is acceptable as well as minimum evaluation requirements necessary for an acceptable evaluation; a detailed overview of the threshold increase for Commercial Real Estate Transactions with examples will be included
- Understanding the Various Types of Reviews – The differences between an Appraisal Compliance Review and a USPAP Standard 3 Review will be discussed along with outsourcing reviews; also includes discussion of the Evaluation Compliance Review
- RE Valuation Safety and Soundness Exam tips – A discussion of common questions and suggested responses for your regulators during the safety and soundness exam
Members of the bank who are involved with ordering, writing or reviewing appraisal and/or evaluation reports, as well as other employees that will rely on these reports will be interested in attending this program. In addition to any appraisal department member, this may include credit officers, loan officers, credit analysts, loan review officers, credit administration supervisors, and loan assistants.
Eric Collinsworth has been actively involved in the real estate industry since 2004. He became and affiliate broker in 2005 and received the TN Certified Residential Appraiser designation in 2006. Eric is a compliance expert familiar with valuation related regulations. He also teaches regulatory compliance to community bankers and other associations throughout the United States.
Eric has worked for and with community banks in Tennessee and throughout the United States. He served in a supervisory role for a multi-billion dollar financial institution headquartered in Middle Tennessee and was responsible for developing compliance forms, appraisal policies, appraisal reviews, appraisal training, and market analyses, as well as the management of the day to day operations of the appraisal department. In October 2011, Eric formed Appraisal Advisory Associates, LLC in order to share his growing knowledge and expertise and to fill a need he recognized within smaller community banks for sound advice relating to the regulatory changes in the real estate valuation portion of the industry. Since then, he has partnered with others to form three other companies in the real estate valuation industry.
Eric enjoys spending time with his family during his spare time in Arrington, TN. He loves being outdoors year round.
*This program will start at 11:00 AM EDT, 10:00 AM CDT, 9:00 AM MDT, or 8:00 AM PDT
**This webinar will be recorded and sent to all registrants. You will receive links to the recording following the program. These recordings have unlimited viewings and are available for up to one year.